Which of the following statements is FALSE about good forecasts?
A)Short-term forecasts tend to be more accurate than long-term forecasts.
B)Aggregate forecasts for groups of products or services tend to be more accurate than forecasts for individual products.
C)The forecasts for dependent-demand items are more accurate than forecasts for independent-demand items.
D)Long-term forecasts tend to be more accurate than short-term forecasts.

Question

Quizplus · Accepted Answer

The statement "Long-term forecasts tend to be more accurate than short-term forecasts" is false. Generally, short-term forecasts are more accurate than long-term forecasts because there are fewer variables and uncertainties to consider in the short term.

Which of the Following Statements Is FALSE About Good Forecasts